https://www.taxtmi.com/caselaws?id=112858 The tribunal upheld the denial of MODVAT credit on Dipped Synthetic Fabrics due to a shortage and the confiscation of excess goods in the factory. The appellants' arguments regarding import under the DEEC Scheme and intended use of excess goods were considered, but the tribunal relied on legal precedents for confiscation. Separate proceedings for the shortage were pending and not part of the current adjudication. Ultimately, based on a High Court decision, the appeal was dismissed, affirming the confiscation of excess goods. en-us Mon, 05 Jan 2004 00:00:00 +0530 Wed, 02 May 2012 12:14:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112858 The tribunal upheld the denial of MODVAT credit on Dipped Synthetic Fabrics due to a shortage and the confiscation of excess goods in the factory. The appellants' arguments regarding import under the DEEC Scheme and intended use of excess goods were considered, but the tribunal relied on legal precedents for confiscation. Separate proceedings for the shortage were pending and not part of the current adjudication. Ultimately, based on a High Court decision, the appeal was dismissed, affirming the confiscation of excess goods. Case-Laws Central Excise Mon, 05 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112858